At 12:00 pm, MTAR Tech shares were trading at Rs 1,044.50, higher by 3.1 percent on the BSEMTAR Tech shares skyrocketed more than 2 percent a day after the business published a massive jump in March quarter net profit.
MTAR Technologies' net earnings increased 103.04 per cent to Rs 18.01 crore in the quarter ended March 2021 as versus Rs 8.87 crore throughout the matching quarter last year.
At 12:00 pm, MTAR Tech shares were trading at Rs 1,044.50, greater by 3.1 per cent on the BSE.The company's sales rose 12.27 per cent to Rs 69.16 crore in the quarter ended March 2021 as against Rs 61.60 crore in the very same quarter last year.On a sequential basis, MTAR Tech's net sales incomes climbed up 25.20 percent in the quarter under consideration compared to the December 2020 quarter.Meanwhile, the board of directors advised a dividend of Rs 3 per share, based on approval of the members.The BSE Sensex and NSE Nifty were trading higher by 0.3 per cent at the time.